Ampere Vehicles reduces the prices of its scooters by ₹9,000: Phase -II FAME SCHEME

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The centre has recently decided to increase subsidy on electric two-wheelers in India under the FAME II Scheme. Hence several EV makers have started to revise prices of their vehicles. Greaves Cotton’s e-mobility arm Ampere Vehicles has announced reduction in prices of its scooters by up to ₹9,000.

As per the revised FAME II scheme it will offer 50% more subsidy at ₹15,000 per kWh on electric bikes and scooters in India. Ampere has announced that the revised price of its Zeal model will now be ₹59,990 (ex-showroom Bengaluru) viz a viz ₹68,990 earlier. The Magnus Pro model will now cost ₹65,990 (ex-as compared to ₹74,990 previously after the revised FAME II subsidies.

The FAME II Scheme will not only bring about significant subsidy revision in the price but also make EV (electric vehicle) affordable thereby making it easier for common masses to buy it.

A week ago, the government decided to amend the FAME II scheme, which extends the subsidy amount for the electric two-wheelers that meet the criteria. The amount of subsidy under the scheme, which was launched in 2019, has been revised under the new FAME II scheme which offers 50% more subsidy at ₹15,000 per kWh.

Two-wheelers, especially the e-scooters, are the largest beneficiary of the ₹10,000 crore subsidy earmarked in the FAME-II scheme. However, not every electric two-wheeler benefit from this scheme. 

Government had approved Phase-II of FAME Scheme with an outlay of Rs. 10,000 Crore for a period of 3 years commencing from 1st April 2019. This phase aims to generate demand by way of supporting 7000 e-Buses, 5 lakh e-3 Wheelers, 55000 e-4 Wheeler Passenger Cars (including Strong Hybrid) and 10 lakh e-2 Wheelers. According to a press Statement, depending upon off-take of different category of xEVs, these numbers may vary as the provision has been made for inter as well as intra segment wise fungibility.

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